TIAA-CREF Offers Plan Sponsors a New Option for Fiduciary Services

Expanded Relationship with Ibbotson Gives Plan Sponsors an Additional Option for Independent, Third-party Support

New York, March 31, 2011

TIAA-CREF announced today a new service designed to help retirement plan sponsors meet their investment-related fiduciary responsibilities.

Through a relationship with Ibbotson Associates, TIAA-CREF now offers plan sponsors an additional option for independent, third-party fiduciary services. This is the latest addition to TIAA-CREF’s portfolio of services designed to help plan sponsors simplify the process of meeting and managing their ongoing fiduciary and compliance obligations.

Fiduciary responsibilities have become more prominent in retirement plan administration as regulators and plan sponsors work to ensure plans are focused on the welfare and needs of participants. This offering builds upon TIAA-CREF’s existing investment-related fiduciary services. These include education and support for plan sponsors to meet their fiduciary responsibilities around investment menu selection and ongoing monitoring on their own or in collaboration with a third-party advisor.

“TIAA-CREF recognizes that our clients have different needs for managing their investment-related fiduciary responsibilities,” said Tim Walsh, Managing Director of Investment Services. “We want to help plan sponsors implement a prudent process that maximizes retirement outcomes for their participants. In addition to working with independent advisors, this new service allows us to provide yet another option for clients to manage their fiduciary obligations.”

As part of this service, Ibbotson, a leading authority on asset allocation and fund due diligence, has created three model investment menus for plan sponsors to choose from, as well as an approved list of investments for those who want to create their own menus. This service also includes:

  • Online access to investment information and reporting;
  • Quarterly conference calls providing an overview of current economic and market information; and
  • Quarterly watch list providing insight on investment options that may require attention.

Plan sponsors who choose this service will receive a signed advisory services agreement from Ibbotson acknowledging its fiduciary responsibility as it relates to the services provided.

Today’s announcement builds on TIAA-CREF’s existing relationship with Ibbotson which allows plan sponsors to provide employees with personalized, objective retirement planning and advice. Together, these services help plan sponsors optimize retirement plan design to produce better outcomes for their participants.

TIAA-CREF ( is a national financial services organization with $453 billion in combined assets under management (12/31/10) and the leading provider of retirement services in the academic, research, medical and cultural fields.

About Ibbotson Associates
Ibbotson Associates, Inc. is a leading independent provider of asset allocation, manager selection, and portfolio construction services. The company leverages its innovative and ground-breaking academic research to create customized investment advisory solutions that help investors meet their goals. Founded by Professor Roger Ibbotson in 1977, Ibbotson Associates is a registered investment advisor and a wholly owned subsidiary of Morningstar, Inc.

Media Contact
Jeannine DeFoe, TIAA-CREF
212 913-3501

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